United States Racing Drones Market Poised To Witness High Growth Driven By Rising Popularity Of Drone Racing Events

 

The United States racing drones market offers innovative racing drones that provide flexible features for advanced racing. These drones are gaining popularity among drone enthusiasts and racers owing to their lightweight carbon fiber bodies, adjustable camera mounts, and durable components. Racing drones are being preferred over conventional drones due to their speed, maneuverability, and high-powered motors. The racing drone market is benefiting from the growing popularity of drone racing as a sports activity in the country. Major drone racing leagues and countless local racing events are propelling this new extreme sport and fueling sales of specialized racing drones.

The United States racing drones market is estimated to be valued at US$ 353.01 Mn in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the United States racing drones are Armattan Productions, Rotor Riot, GEPRC, Holybro, TBS (Team BlackSheep), iFlight, BetaFPV, CadX Racing, Emrax (Manufacture Motors), and Brotherhobby (Manufacture Motors). These players are focusing on producing durable yet lightweight racing drones equipped with features like HD cameras, LED lights, and control ranges up to 3 km. They are also expanding their product lines to cater to both amateur and professional drone racers.

The United States racing drones market is witnessing significant growth opportunities due to the increasing number of organized drone racing leagues and events in the country. Major leagues like Drone Racing League are organizing national qualifier events, broadcast races on television channels, and organizing collegiate drone racing programs to promote this sport. They are collaborating with key players to develop advanced drones specifically designed for high-speed racing circuits.

Key players in the racing drone market are also expanding their global footprint by partnering with international racing organizations and infrastructure providers. They are promoting drone racing as a potential Olympic sporting event through global qualifier series, training programs, and sponsorships. Some players are setting up retail stores and brand experience centers in strategic international markets to promote their products beyond North America.

Market Drivers

Increasing popularity of drone racing as a competitive sport: The growing popularity of organized drone races broadcast on television and digital channels is fueling the demand for high-performance racing drones among amateur and professional drone pilots. Various international leagues are promoting drone racing.

Development of 5G networks and smart infrastructure: Widespread deployment of 5G networks and implementation of drone traffic management systems are allowing drone pilots to race drones from longer distances with live stream video capabilities. This is supporting the adoption of technologically advanced racing drones.

Market Restrain

Stringent regulations for commercial and public drone operations: Certain states in the US impose strict rules for recreational drone flights restricting the proximity to airports/helipads or any critical infrastructure unless permitted. This could impact testing and training activities of drone racing organizations.

Safety issues over high-speed drone racing: Incidents of drone crashes due to mechanical/technical failures during high-speed racing pose risks of injuries to pilots and spectators alike. Excessive noise generation in residential/public places is also a concern.

Segment Analysis

The racing drones sub-segment dominates the United States racing drones market as it accounts for over 60% share. Racing drones are preferred for recreational purposes and hobbyists due to their high-speed capabilities. Advancing drone racing as a professional sport has further boosted the demand for racing drones in recent years.

The fpv (first-person view) sub-segment is growing at a fast pace owing to rising popularity of fpv racing. Fpv racing drones come equipped with onboard cameras that allow pilots to view the drone's flight path from a first-person perspective through wireless video transmission. This immersive racing experience has attracted many enthusiasts.

Global Analysis

The North America region holds the largest share in the global racing drones market currently. USA, in particular, has emerged as the global hub for drone racers given the high popularity and rapid growth of drone racing as a competitive esport in the country. Drone manufacturers are increasingly focusing on the American market by launching new racing drones customized for professional competitions and recreational usage. The Asia Pacific region is projected to witness the fastest growth during the forecast period with rising adoption in countries like China and India. Government initiatives to promote drone sports and increasing discretionary spending on advanced drones will augment the regional market.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

 

Get more insights on this topic: https://www.newsanalyticspro.com/united-states-racing-drones-market-poised-to-register-high-growth-rate-of-18-till-2031/

 

About Author:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. (LinkedIn - https://www.linkedin.com/in/priya-pandey-8417a8173/)

 

What Are The Key Data Covered In This United States Racing Drones Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the United States Racing Drones's growth between 2024 and 2031.

:- Accurate calculation of the size of the United States Racing Drones and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- United States Racing Drones Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of United States Racing Drones vendors

FAQ’s

Q.1 What are the main factors influencing the United States Racing Drones?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top United States Racing Drones companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the United States Racing Drones’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

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